MoIT optimistic on trade with Japan

Vietnam’s combined imports and exports to Japan is forecast to reach US$30 billion in 2015, an increase of US$2 billion when compared against last year, according to Ministry of Industry and Trade (MoIT).

Japan is the third largest importer of Vietnam goods and services, just after China and the US. Key exports to Japan are garments and textiles, footwear, handicrafts, furniture, seafood, crude oil, computers and electronics.

Notably, Vietnam generated US$2.7 billion from exporting garment and textile products to Japan last year, which is expected to grow to US$3 billion this year.

Le An Hai, deputy head of the Asia-Pacific Market Department of the MoIT affirmed Japan is one of the major markets and an important trading partner of Vietnam./.